Granite Charitable

Organization Overview

Granite Charitable is located in St Cloud, MN. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granite Charitable is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Granite Charitable generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $549.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

GRANITE CHARITABLE IS OPERATED TO BENEFIT AND CARRY OUT THE PURPOSE OF A SUPPORTED ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS OF $434,523 WERE MADE TO COMMUNITYGIVING, THE PRIMARY SUPPORTED ORGANIZATION, PROVIDING FUNDING SUPPORT FOR VARIOUS DESIGNATED COMMUNITY IMPACT/DONOR ADVISED FUNDS. GRANTS OF $13,466 WERE MADE TO THE INITIATIVE FOUNDATION, $23,616 WERE MADE TO THE MINNEAPOLIS FOUNDATION, AND $20,737 WERE MADE TO THE SOUTHERN MINNESOTA INITIATIVE FOUNDATION, PROVIDING DESIGNATED FUNDING SUPPORT THROUGH DONOR ADVISED FUNDS. ALL GRANT DOLLARS ARE USED BY THE SUPPORTED ORGANIZATIONS TO PROVIDE FUNDING SUPPORT FOR THE WORK OF NON-PROFITS IN MINNESOTA.


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Board, Officers & Key Employees

Name (title)Compensation
Dennis Gregory
Chair
$0
Caryl Turnow
President
$0
Greta Stark-Kraker
Secretary
$0
Elise Wiener
Treasurer
$0
Steven Joul
Director
$0
Lisa Maurer
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,167,530
Noncash contributions included in lines 1a–1f $11,167,530
Total Revenue from Contributions, Gifts, Grants & Similar$11,167,530
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,659,873

Grants Awarded

Over the last fiscal year, Granite Charitable has awarded $492,342 in support to 4 organizations.

Grant RecipientAmount

St Cloud, MN

PURPOSE: GENERAL SUPPORT

$434,523

MINNEAPOLIS FOUNDATION

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$23,616

SOUTHERN MINNESOTA INITIATIVE FOUNDATION

Org PageRecipient Profile

Owatonna, MN

PURPOSE: GENERAL SUPPORT

$20,737

INITIATIVE FOUNDATION

Org PageRecipient Profile

Little Falls, MN

PURPOSE: GENERAL SUPPORT

$13,466
View Grant Profile

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